GLEN ALLEN, Va.--(BUSINESS WIRE)--
Dynex Capital, Inc. (NYSE: DX) announced today that the Company’s Board
of Directors has declared dividends on shares of its common and
preferred stock for the second quarter of 2014.
Common Stock Dividend
The Company’s Board of Directors has declared a quarterly dividend of
$0.25 per common share for the second quarter of 2014 payable on July
31, 2014 to shareholders of record on July 3, 2014. There is no dividend
reinvestment discount for second quarter dividends reinvested through
the Company's Dividend Reinvestment and Share Purchase Plan.
Preferred Stock Dividends
The Company also announced that it will pay the regular quarterly
dividend of $0.53125 per share on its 8.50% Series A Cumulative
Redeemable Preferred Stock (NYSE: DXPRA) and $0.4765625 per share on its
7.625% Series B Cumulative Redeemable Preferred Stock (NYSE: DXPRB).
Both dividends will be paid on July 15, 2014 to shareholders of record
of the Series A and Series B Preferred Stocks as of July 1, 2014.
Dynex Capital, Inc. is an internally managed real estate investment
trust, or REIT, which invests in mortgage assets on a leveraged basis.
The Company invests in Agency and non-Agency RMBS and CMBS. The
Company also has investments in securitized single-family residential
and commercial mortgage loans originated by the Company from 1992 to
1998. Additional information about Dynex Capital, Inc. is available at www.dynexcapital.com.
“Safe Harbor” Statement under the Private Securities Litigation
Reform Act of 1995: Statements in this press release regarding the
business of Dynex Capital, Inc. that are not historical facts are
“forward-looking statements” that involve risks and uncertainties. For a
discussion of these risks and uncertainties, which could cause actual
results to differ from those contained in the forward-looking
statements, see “Risk Factors” in the Company’s Annual Report on Form
10-K and other reports filed with the Securities and Exchange Commission.
Dynex Capital, Inc.
Alison Griffin, 804-217-5897
Source: Dynex Capital, Inc.